{"id":253644,"date":"2020-03-12T13:42:18","date_gmt":"2020-03-12T17:42:18","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=253644"},"modified":"2021-10-04T04:41:14","modified_gmt":"2021-10-04T08:41:14","slug":"okcoin-launches-singapore-exchange-announces-support-for-local-fiat","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/okcoin-launches-singapore-exchange-announces-support-for-local-fiat","title":{"rendered":"OKCoin Launches Singapore Exchange, Announces Support for Local Fiat"},"content":{"rendered":"
OKCoin, one of the oldest and largest cryptocurrency exchanges in the world, has just opened an office in Singapore, alongside announcing support for the country’s official dollar.<\/p>\n
As of now, users within Singapore can use their local currency to buy and trade Bitcoin and Ethereum. On top of this, more pairs are on their way, according to a press release from the company<\/a>.<\/p>\n \u201cThere has been a huge demand from traders throughout Singapore who are looking for a safe and reliable way to trade cryptocurrencies with the Singapore dollar, and we are proud to be entering the market in a way that fully complies with local regulations and policies,\u201d said OKCoin’s new CEO, Hong Fang, on the matter.<\/p>\n As you may know, Singapore is and has been one of the leading countries<\/a> regarding the push for cryptocurrencies and blockchain technology. Citizens within the country don’t pay capital gains tax, and many there are increasingly outspoken and optimistic on the matter.<\/p>\n OKCoin has just launched a Latin American office<\/a> and support for trading over there. The group also recently appointing Fang to increase their US expansion<\/a>. They’ve been expanding to other countries, too, like Argentina<\/a>. They’ve also issued a Yuan-backed stablecoin<\/a>, leading some to question the number of stablecoins available on the market today.<\/p>\n","protected":false},"excerpt":{"rendered":"